The Jury Talks Back

12/4/2018

Macron: I Do Not Understand Incentives

Filed under: Uncategorized — Patterico @ 8:20 am

How could this go wrong?

In a major concession by President Emmanuel Macron, France will suspend for six months a tax increase on gasoline and diesel fuel that had been slated for January, in an attempt to quell weeks of protests and rioting by the so-called Yellow Vests movement.

Prime Minister Édouard Philippe announced the move on Tuesday after briefing lawmakers in a closed-door meeting in Parliament.

“No tax warrants putting the unity of the nation in danger,” Mr. Philippe said.

For the past three weeks, the Yellow Vests protest movement has swept across France, clashing with the police and wreaking havoc in Paris and other major cities, defacing famed monuments such as the Arc de Triomphe.

The tax was made necessary by the Paris Agreement on climate change. Thugs have been breaking old statues and generally making a criminal nuisance of themselves, but that will probably never happen again, right? Creating incentives to do x does not get you more x — that’s what I was always told!

1 Comment »

  1. I’m glad Macron folded, because of exactly what you say; he’s created incentive.

    I’m delighted to see this outrage against the tax and the climate nonsense. Even in France, it seems, people react when pushed too far by government.

    I don’t approve of the violence and looting, but aside from that, this isn’t something that went wrong, it’s something that went right (for now, anyway… we’ll see how it plays out).

    Comment by Arizona CJ — 12/4/2018 @ 9:22 pm

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